Polly Boyd Scholarship Fund

Analysis

Polly Boyd Scholarship Fund is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in January 2017, 9 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Polly Boyd Scholarship Fund reported income of $145k and spending of $49k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $178k to $145k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 30% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Polly Boyd Scholarship Fund sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within TN. Charities of a similar size with the same main cause include Souderton Area Baseball League Inc ($145k), New York State Public Health Association Inc C O E S Clare ($145k) and Gold Nugget Days Inc ($145k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.